Speaking at the Future of the Car 2022 conference, Carlos Tavares, CEO of Stellantis, said the industry faces a shortage of batteries and raw materials in the coming years as part of the transition to electric mobility. Tavares went on to say he could anticipate the industry suffering battery supply problems around 2025, 2026. "The speed at which now everybody is building manufacturing capacity for batteries is possibly on the edge to be able to support the fast changing markets in which we are operating," he said. With electric vehicles on average weighing 500 kilos more than traditional internal combustion engine ones, Tavares said raw material supply could pose structural challenges in the coming years. He said automakers were focusing on technology and were ready to "pour" battery electric vehicles on the market, while they and regulators were lacking vision on all long term implications of the mobility transition. "What's next? Where is the clean energy? Where is the charging infrastructure? Where are the raw materials? Where are the geopolitical risks of sourcing those raw materials? Who is looking at the full picture of this transformation?" Tavares said.

 

For more: https://www.reuters.com/business/autos-transportation/automotive-industry-faces-long-term-battery-raw-material-supply-issues-tavares-2022-05-10/

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